VanEck Oil Refiners ETF (NYSEARCA:CRAK) Shares Shorted: Short Interest Up 188.6% in September

VanEck Oil Refiners ETF (NYSEARCA:CRAK) was the recipient of a large increase in short interest in September. As of September 15th, there was short interest totaling 265,189 shares, an increase of 188.6% from the August 31st total of 91,895 shares. Based on an average trading volume of 665,754 shares, the days-to-cover ratio is presently 0.4 days. Approximately 2.9% of the company’s stock are short sold.

Institutional Trading of VanEck Oil Refiners ETF

Several institutional investors and hedge funds have recently bought and sold shares of CRAK. Community Financial Services Group LLC bought a new stake in VanEck Oil Refiners ETF during the second quarter valued at approximately $29,000. Fifth Third Bancorp bought a new position in VanEck Oil Refiners ETF during the first quarter valued at approximately $40,000. Ferguson Shapiro LLC purchased a new position in shares of VanEck Oil Refiners ETF during the first quarter worth approximately $207,000. Westhampton Capital LLC purchased a new position in shares of VanEck Oil Refiners ETF during the first quarter worth approximately $247,000. Finally, 4WEALTH Advisors Inc. bought a new stake in shares of VanEck Oil Refiners ETF in the 1st quarter worth approximately $248,000.

VanEck Oil Refiners ETF Price Performance

Shares of VanEck Oil Refiners ETF stock traded up $0.04 during trading hours on Friday, hitting $64.20. 497,320 shares of the company’s stock traded hands, compared to its average volume of 220,481. VanEck Oil Refiners ETF has a 12-month low of $35.50 and a 12-month high of $66.59. The company has a fifty day simple moving average of $59.90 and a 200-day simple moving average of $52.42. The stock has a market capitalization of $605.41 million, a price-to-earnings ratio of 13.16 and a beta of 0.54.

VanEck Oil Refiners ETF Company Profile

The VanEck Oil Refiners ETF (CRAK) is an exchange-traded fund that is based on the MVIS Global Oil Refiners index. The fund tracks a market-cap index of global stocks issued by firms that earn at least 50% of their revenue from oil refining. CRAK was launched on Aug 18, 2015 and is managed by VanEck.